Sunday, November 27, 2016

7 ways Bankers can help our Nation in the Battle of Black money

Bankers should help our nation on its fight against paper money.  

1.  Allowing to open banking account with zero minimum deposit
2.  Free POS for petty vendors
3.  Charge 2x for over the counter cash transactions.
4.  No subscription charges for Cards (Credit / Debit cards)
5.  Implement digital wallets(Similar to ICICI Pocket account)
6.  Cashback incentives on Mobile and Internet Banking
7.  Scale Up the digital infrastructure